Jared Farnum Comment On Regulatory Notice 22-08
Do you want Untied States to miss out on the crypto revolution?
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Do you want Untied States to miss out on the crypto revolution?
You not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
I do not want to have my ability to select whatever public investments that are right for me diminished or restricted.
While I tend to be a conservative investor, the use of leveraged or inverse funds at times has been of value in my portfolio.
While I am not a financial novice and currently am engaged in developing financial models for ICT networks in many countries, Having to pass some type of test or asking Fidelity (my broker) for permission would be onerous.
This proposed regulation needs to be stopped.
No one makes my financial or investment decisions but me. I particularly object to having to pass a test or get a broker's permission to invest my own money as I see fit. I might consent to take the advice of a broker or a government bureaucrat if either of them could demonstrate superb financial or investment acumen, but I consider that unlikely. You bureaucrats mess up with the money entrusted to you; do me the courtesy of succeeding or failing with my own funds.
Dear FINRA Regulators,
I want to thank you for your time and your commitment to helping me and my loved ones succeed in life. This is to address any concerns you may have towards leveraged and inverse funds. These are very important investment vehicles that my family and I have used over the years to help offer protection and provide investment strategies.
I believe that I should be able to choose the public investments that I believe and understand to be right for me and my family without any restrictions.
Stop the Radical Left Progressive [REDACTED].
The fact that this proposed rule is even being considered is chilling. The USA has always lead the world by being the epitome of free market capitalism. Its a travesty that this anti-patriotic, anti-capitalist, authoritarian rule was even proposed. What a crying shame.
Decisions about investments should be mine, not regulators. Investing in publicly traded funds should be something that everyone has equal access.
Dear FINRA officers: I am a small individual stock/ETF investor, and I would like to share my opinion with you about the opportunities to trade ETFs, including those leverage and inverse funds such as my favorites: TQQQ and SQQQ, etc. Both of my funds and experiences are limited, but I still benefited from trading ETFs in the market. I understand the risks it may involve in trading, and I don't see anything particularly different between, say, QQQ vs. TQQQ/SQQQ. They all involve some risks, and I know I must be responsible for the resulting risk.